CEG Constellation Energy Corp (US: CEG) is likely to break above after the bearish gap has been filled multiple times and closes higher. Ascending triangle formation is likely to see bullish continuation to the upside and major uptrend remain intact since its inception. Volume remain healthy.Long-term MACD shows steady state of bullish momentum.
Despite showing overbought by our mid-term stochastic oscillator, the stock has yet to see adverse correction and bullish pressure remain healthy.
23-period ROC declines but maintain a positive value and Directional movement index shows strong bullish strength.
Strategy
Buy spot @ 345.27 . Buy limit @ 311.65 in the event of a correction..
1st Target is at 420.00 (Est 1 month)
2nd Target is at 780.00 (6 months and beyond)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.